Legato Capital Management LLC Takes Position in TeraWulf Inc. $WULF

Legato Capital Management LLC bought a new stake in shares of TeraWulf Inc. (NASDAQ:WULF) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 40,041 shares of the company’s stock, valued at approximately $460,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of TeraWulf by 37.4% during the 4th quarter. Vanguard Group Inc. now owns 33,643,009 shares of the company’s stock valued at $386,558,000 after buying an additional 9,162,958 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of TeraWulf by 45.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 140,101 shares of the company’s stock valued at $1,610,000 after buying an additional 43,574 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of TeraWulf by 178.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 151,005 shares of the company’s stock valued at $1,735,000 after buying an additional 96,843 shares in the last quarter. First Dallas Securities Inc. lifted its position in shares of TeraWulf by 99.2% during the 3rd quarter. First Dallas Securities Inc. now owns 264,000 shares of the company’s stock valued at $3,015,000 after buying an additional 131,500 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of TeraWulf during the 3rd quarter valued at approximately $3,350,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

Trending Headlines about TeraWulf

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: TeraWulf acquired a hyperscale Kentucky site with more than 1 GW of potential capacity, strengthening its position in the AI infrastructure build-out. Article Title
• Positive Sentiment: The company also secured utility and transmission agreements that could help it bypass long U.S. data-center power delays, which is seen as a competitive advantage. Article Title
• Positive Sentiment: Management says demand for AI infrastructure and electricity is strong, reinforcing the view that TeraWulf’s power assets could become increasingly valuable. Article Title
• Positive Sentiment: Analysts and market commentary note that the company’s first-quarter HPC lease revenue showed the AI-hosting strategy is already generating some income, not just future promise. Article Title

TeraWulf Stock Up 6.2%

Shares of WULF opened at $26.74 on Thursday. TeraWulf Inc. has a 52-week low of $3.39 and a 52-week high of $26.86. The company has a market capitalization of $13.25 billion, a PE ratio of -10.78 and a beta of 3.84. The stock has a fifty day simple moving average of $19.69 and a two-hundred day simple moving average of $16.01. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 33.00.

TeraWulf (NASDAQ:WULF) last issued its earnings results on Friday, May 8th. The company reported ($1.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.82). TeraWulf had a negative return on equity of 305.07% and a negative net margin of 611.46%.The company had revenue of $34.01 million during the quarter, compared to analyst estimates of $34.69 million. During the same period last year, the business earned ($0.16) earnings per share. The firm’s revenue was down 1.1% compared to the same quarter last year. As a group, equities analysts forecast that TeraWulf Inc. will post -0.64 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on WULF shares. B. Riley Financial raised their price objective on TeraWulf from $27.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday. Roth Mkm reaffirmed a “buy” rating and issued a $32.00 target price on shares of TeraWulf in a research note on Friday, April 17th. Morgan Stanley raised their target price on TeraWulf to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 19th. Cantor Fitzgerald raised their target price on TeraWulf from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TeraWulf in a research note on Friday, March 27th. Thirteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $28.95.

Insider Buying and Selling

In related news, CFO Patrick Fleury sold 26,414 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $16.14, for a total transaction of $426,321.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael C. Bucella acquired 1,665 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average cost of $15.04 per share, with a total value of $25,041.60. Following the completion of the transaction, the director directly owned 280,052 shares in the company, valued at approximately $4,211,982.08. The trade was a 0.60% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 13,094 shares of company stock valued at $200,392 and sold 954,200 shares valued at $16,390,854. Corporate insiders own 15.90% of the company’s stock.

About TeraWulf

TeraWulf, Inc (NASDAQ: WULF) is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.